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Good evening Piang Sze,

One of the applicants must be Singaporean in order to apply for HDB loan.

If not you can try to obtain a 80% loan.

As a SPR, your initial outlay will be 28% of purchase price.

1) 5% cash downpayment
2) 15% CPF OA funds/ cash downpayment
3) estimated 3% buyer's stamp duty (pay by cash first and will be reimbursed if you have excess after 15% CPF downpayment
4) 5% ABSD as a SPR (pay in cash)
5) legal fees, valuation fee, stamp duty for mortgage.

Maybe you can share more information in your finances so I will be in a better position to advise you.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Piang Sze,

So both you and your wife are both SPRs? Have both of you fulfill SPR status of 3 years each respectively?

Based on your finances of $160k combined cash and CPF OA funds, you should be able to afford $575k property.

Any location you guys are looking at?

Btw Propertyguru doesn't prompt us when there's a reply to our post. If possible, we can communicate via mobile (whatsapp, viber, we chat) if not email will do as well.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More